Please note the Invesco Wholesale Global Targeted Returns Fund transitioned to a new investment strategy, Invesco True Balance Fund on 31 October 2022.
Fund goals
To achieve a positive total return over a market cycle with a low to moderate correlation to traditional financial market indices, targeting a gross return of 6% p.a. above the Bloomberg AusBond Bank Bill Index with 8% p.a. target portfolio volatility.
Fund strategy
The Fund invests in the Invesco Balanced Risk Allocation Fund (the ‘Underlying Fund') and aims to be as close to fully invested as practical at all times.
The Underlying Fund seeks to achieve its objective by gaining exposure to equities, debt and commodities. The Underlying Fund will utilise a strategic and tactical asset allocation process, investing in assets that are expected to perform differently across the three stages of the Market Cycle, namely recession, non-inflationary growth and inflationary growth.
- Firstly, the Investment Manager will balance the risk contribution to assets from each of the stages of the Market Cycle to build the strategic allocation.
- Secondly, the Investment Manager will tactically shift the allocations to each of the assets based on the market environment.
Key facts
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Asset classMulti-Asset
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BenchmarkBloomberg AusBond Bank Bill Index
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Name of investment teamInvesco Global Asset Allocation Team
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Location of investment teamAtlanta, USA
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Fund inceptionFeb 2015
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Fund size$38 million
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Investment approachTop down, fully systematic net long strategy that invests in liquid equity, bond and commodity markets through the use of derivatives
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Time horizon5-7 years
Key details
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Account period endsJune
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APIR codeGTU0109AU
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Distribution frequencyAnnual
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Minimum investment$20,000
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Unit prices updatedDaily
Fund managers
Scott Wolle
Head of Systematic and Factor Investing
Investment experience: 34 Years
Investment responsibility: Portfolio management
Please note the Invesco Wholesale Global Targeted Returns Fund transitioned to a new investment strategy, Invesco True Balance Fund on 31 October 2022.
Growth of $10,000 invested
Performance
| Period | Fund % | Benchmark* % | Value added % |
|---|---|---|---|
| 1 month | 1.79 | 0.32 | 1.47 |
| 3 months | 0.20 | 1.02 | -0.82 |
| 1 year | 0.94 | 4.39 | -3.45 |
| 3 years p.a. | 5.37 | 3.88 | 1.49 |
| 5 years p.a. | 1.47 | 2.34 | -0.87 |
| 10 years p.a. | 1.74 | 2.04 | -0.30 |
| Since inception p.a. | 1.66 | 2.05 | -0.39 |
Calendar year performance
| Period - calendar year | Fund % | Benchmark* % | Value added % |
|---|---|---|---|
| 2024 | 3.11 | 4.47 | -1.35 |
| 2023 | 4.99 | 3.89 | 1.10 |
| 2022 | -2.37 | 1.25 | -3.63 |
| 2021 | -0.26 | 0.03 | -0.29 |
| 2020 | -1.00 | 0.37 | -1.37 |
Distribution/growth splits
| Period | Distribution return % | Growth return % | Total return % |
|---|---|---|---|
| 3 months | 0.00 | 0.20 | 0.20 |
| 1 year | 0.00 | 0.94 | 0.94 |
| 3 years p.a. | 0.00 | 5.37 | 5.37 |
| 5 years p.a. | 0.04 | 1.43 | 1.47 |
The Fund returns in the tables above are shown after ongoing fees and assume reinvestment of income. Past returns are not a reliable indicator of future returns. Future returns may be affected by a range of factors including economic and market influences.
* Bloomberg AusBond Bank Bill Index